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Jan 19, 2013
01/13
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they are hoping the move will get democrats involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, aun money laundering. mark greenblatt has this story. >> reporter: indicted for construction. the one-time former rock star mayor of new orleans, stands accused of what he campaigned against. >> this state and this city, is saying to the old-line politic toes, we're tired of the games. >> reporter: it's a striking fall from grace for ray nagin, as the justice department indicts him for awarding lucrative contracts and kickbacks in vacation hot spots. he's accused of pocketing more than $200,000 in describes. and the indictment even charges nagin for trying to pocket cash for himself, as the city struggled to recover from hurricane katrina. he awarded a contract for sidewalks. and the next day, a business family member paid nagin a kickback. one of the many allegations now lodged against the man, famou
they are hoping the move will get democrats involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, aun money laundering. mark greenblatt has this story. >> reporter: indicted for construction. the one-time former rock star mayor of new orleans, stands accused of what he campaigned against....
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Jan 19, 2013
01/13
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KGO
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they are hoping the move will force senate democrats to get involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, bribery and money laundering. abc's mark greenblatt has this story. >> reporter: indicted for corruption. the one-time former rock star mayor of new orleans, stands caused of becoming exactly what he campaigned against. >> this state and this city, is saying to the old-line politicos we're tired of the games. we're tired of the corruption. and we want to go in a new direction. >> reporter: it's a striking fall from grace for ray nagin, as the justice department now charges him with awarding lucrative city contracts in exchange for kickbacks and trips to vacation hot spots like hawaii, jamaica and las vegas. he's accused of pocketing more than $200,000 in bribes. and the indictment even charges nagin with trying to pocket cash for himself, as the city struggled to recover from hurri
they are hoping the move will force senate democrats to get involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, bribery and money laundering. abc's mark greenblatt has this story. >> reporter: indicted for corruption. the one-time former rock star mayor of new orleans, stands caused of...
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Jan 21, 2013
01/13
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KGO
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in the nfc championship game, jim's 49ers, erased a 17-deficit earlier to prevail over atlanta. frank gore getting it done there. and in the afc, john's ravens went into foxborou and beat tom brady and the patriots. what a night in football it was. >>> a chilling sight in australia. a six-foot shark in shallow waters at a beach. two men trying to push it back into sea. that man fell and was almost bitten. wildlife experts suspect the shark was either sick or injured. >>> and some of the world's best surfers put on a remarkable show. it was the mavericks invitational outside san francisco. the waves there, breaking 25 to 30 feet. that's a three-story building of angry water baring down behind you. in the spirit of the invitational, peter mel was your winner. he split his $50,000 cash prize with his top five competitors. peter mel, lara spencer, one, cool dude to be sure. >> or cool man. >> cool dude, man. >> you know, sam, he's a very cool man. >>> josh, thank you. i'm going to take it from there and get to "pop news." good morning to you all. we begin with beyonce. she is on fir
in the nfc championship game, jim's 49ers, erased a 17-deficit earlier to prevail over atlanta. frank gore getting it done there. and in the afc, john's ravens went into foxborou and beat tom brady and the patriots. what a night in football it was. >>> a chilling sight in australia. a six-foot shark in shallow waters at a beach. two men trying to push it back into sea. that man fell and was almost bitten. wildlife experts suspect the shark was either sick or injured. >>> and...
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Jan 21, 2013
01/13
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WJLA
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in the nfc, the 49ers overcame a 17-0 deficit against the dirty birds of atlanta. they finally locked it up for good in the fourth quarter when quarterback colin kaepernick found frank gore who rushed into the end zone. final score, 28-24. quite a game. >> in the afc, baltimore ravens quarterback joe flacco threw three touchdowns in the second half. the final blow was when the ravens' carey williams picked off tom brady in the end zone. it was the patriot's first-ever playoff championship loss at home. the final score, 28-13, ravens. >> and the super bowl in new orleans. one of our favorite cities in two weeks. it's crazy. you have the brother versus brother dynamic. and then ray lewis, his final season. got to the super bowl. willis is happy. >> that's a good story. i lived in baltimore for a couple of years. >> you worked for the ravens? >> yeah. my very good friend is the mayor, stephanie rollings-blake. so i may try to get over there. >> you've got a political hookup. you better get down there. >> i hope you're watching, stephanie. >> you're going to see sunny
in the nfc, the 49ers overcame a 17-0 deficit against the dirty birds of atlanta. they finally locked it up for good in the fourth quarter when quarterback colin kaepernick found frank gore who rushed into the end zone. final score, 28-24. quite a game. >> in the afc, baltimore ravens quarterback joe flacco threw three touchdowns in the second half. the final blow was when the ravens' carey williams picked off tom brady in the end zone. it was the patriot's first-ever playoff championship...
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Jan 21, 2013
01/13
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LINKTV
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. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting poverty, and making america a more equal country. barack obama, tell us what your dream is for the second term and once that is over, once you have inspired us, go about the hard work of implementing that dream. it is a dream speech i am looking for. >> angela merkle. but the omens are not good. her coalition has just lost a regional election that was widely viewed as a test of public opinion. >> at first, it looked like the german chancellor's party would win. when the final ballots were counted, it became clear the democrats were on their way out. the results show the coalition of angela merkle's party or one seat beh
. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting...
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Jan 20, 2013
01/13
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pretty controversial issues -- immigration, gun control, spending, dealing with the national debt and deficit. these are things he sees absolutely no common ground with republicans on. he has to get them to agree, so how is he going to do it? he's defined by his ability to campaign. he's putting that the organization into eight groups that will lobby on his behalf. his inauguration was about changing the town in washington. even people in the white house said that the president has failed to change the town. if anything, it's uglier, angrier, and even more bitter. he was to try to get just enough of the republican party on board with him to pass some of the agenda items and we believe he's going to take them all on at once. >> talk us through what we can expect on monday. >> a bit of a prayer service, but of a poetry reading, and a bit of a political pep rally all rolled into one. the president will give his speech, probably 20 minutes and take the oath of office again -- the fourth time if you think about it because the chief justice made that mistake four years ago. then there is going to b
pretty controversial issues -- immigration, gun control, spending, dealing with the national debt and deficit. these are things he sees absolutely no common ground with republicans on. he has to get them to agree, so how is he going to do it? he's defined by his ability to campaign. he's putting that the organization into eight groups that will lobby on his behalf. his inauguration was about changing the town in washington. even people in the white house said that the president has failed to...
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Jan 17, 2013
01/13
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FOXNEWS
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what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their motives. and he's not interested in forging bipartisan consensus on the debt, he's interesting in demonizing and dividing republicans and he's going to continue to do that in his second term. >> megyn: why would he be doing that, simon? >> i think it's called politics, megyn. i think what we expect out of our president, just like we expect out the republican party, is for them to fight as hard as they can for the things that they believe in. and to be -- and to make clear about what they believe the other side is doing, too. listen, i listened to rick santorum at the republican convention say that if
what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their...
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Jan 20, 2013
01/13
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combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do
combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president...
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Jan 20, 2013
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the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...
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Jan 20, 2013
01/13
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, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two or four years, or do they at least start to show signs of wanting to negotiate deals where both sides are allowed to win? we have not seen that, whether you want to blame the president, whether you want to blame republicans. you just haven't seen that. they don't like each other. they don't get along well. there are no relationships there whatsoever, and that's why i'm skeptical that things will be different. and again, it kind of goes to the core of what they believe. they just don't agree on anything. i'd be shocked if they agree
, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two...
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Jan 19, 2013
01/13
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FOXNEWS
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>> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the ground support in the weeks ahead. >> let me ask you a question. what about the divide that remains between the president and republicans? will he make more of an effort to find common ground? >> i think the president certainly has done an outreach on both sides of the aisle and on issue after issue, he's willing to put a traditional democratic party orthodoxy to pass it in a bipartisan way. this ultimately is a bipartisan organization that seeks support from both sides . the president is not going to abandon his core principles and he's not going to reduce the deficit on the backs of the poorest citiz
>> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the...
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Jan 19, 2013
01/13
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FOXNEWS
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is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two candidates, one was more focused on cutting the deficit and reducing our long term debt and one didn't think it was a big concern. the one who didn't think it was a big concern won the election. yes, voters seem to say that is an issue they agree with, but when it came to election day two months ago that certainly wasn't one of the top issues they voted on because they voted for the candidate who wasn't embody go it. >> heather: through his actions, as well. that leads to this, how f or if it should be raised? should the debt limit be raised again, 23%
is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two...
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Jan 20, 2013
01/13
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over the next 75 years, 70% of deficit spending is going to come from medicare programs alone, social security and medicare are the biggest part of the debt. the reason they are known as third rail of politics because if you touch them you are committing political suicide. george bush tried it and he was shut down. no lawmakers want to cut into medicare and social security because they would basically get voted out of office. that is what is interesting about this poll basically. you have all these americans and government spending is you on will krof, what we need to do is deal with entitlements, deal with social security and medicare that are going otherwise we're going broke. they say don't cut my social security. don't cut my medicare. that is the issue here. >> arthel: brenda, as a business expert, would you if you were going into books and looking at those systems, would you go in there and look at some of the unnecessary expenses, perhaps the administrative costs or make adjustments to make it fit where the public doesn't sort of freak out thinking their benefits will be cut? >
over the next 75 years, 70% of deficit spending is going to come from medicare programs alone, social security and medicare are the biggest part of the debt. the reason they are known as third rail of politics because if you touch them you are committing political suicide. george bush tried it and he was shut down. no lawmakers want to cut into medicare and social security because they would basically get voted out of office. that is what is interesting about this poll basically. you have all...
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Jan 20, 2013
01/13
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the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they can get more. there you are been senators who have risen above and we are not seeing people who put the people's business ahead of their political interests. partisanship is standing in the way of solving problems which is why we have talked. >> a perfect example is the simpson-bowles debt reduction decision, both had a good plan, ignored bit establishment by both parties, the president appointed them and he will not talk about it and the republicans who sponsored it do not want to talk about it but it is the one route to solving some of the main problems.
the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they...
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Jan 13, 2013
01/13
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FOXNEWSW
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the problem is he is fronting for policies that are not dealing with the debt or the deficit. >> another gold man sacks guy who made a lot of money while the company was being raped. the real problem with lew, he represents the president's worst instincts, he scuttled the deal in 2011 by the introduction of more taxes and he says no, and this is obama on steroids to the left. he is pushing the country in a place that he doesn't have a mandate for but high has no opposition to stop. >> let me say one thing, the shame of these picks is they small. they are inside the beltway, they are small, they are political hacks, where the president wanted to be a transformational president. he has been re-elected. not many presidents in history are two term presidents and he can be a successful president if he does something great. the great thing he could do for a liberal democrat, is save the social safety net from financial collapse. he had the chance to do it and he still has a chance. >> others would have brought some imagination. the opposite of reagan. >> gentleman, hang in here we will come ba
the problem is he is fronting for policies that are not dealing with the debt or the deficit. >> another gold man sacks guy who made a lot of money while the company was being raped. the real problem with lew, he represents the president's worst instincts, he scuttled the deal in 2011 by the introduction of more taxes and he says no, and this is obama on steroids to the left. he is pushing the country in a place that he doesn't have a mandate for but high has no opposition to stop....
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Jan 21, 2013
01/13
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you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first tim
you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on...
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Jan 16, 2013
01/13
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MSNBCW
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this was an open ended question at the top, economy in general at 21%, goes down to the federal budget deficit, dissatisfaction with government, unemployment, taxes, all the way at the bottom is gun. >> the web video which targets basically the president's children, who have secret service protection, as all children of presidents. over the line? >> based on this poll, he should have been apologizing for those children to breaking their piggy banks to pay for the national debt. that's what americans are concerned about. >> i'm asking you about the web video. >> because his children -- >> which children? >> children he had there on display, because his children, his own children, are well protected. joe biden opened up by saying that schools should be a sanctuary. well, he must have this confused, because the president's girls do go to a sanctuary, well-armed there, but most american kids are not protected at all. >> you don't think the president's children should be off limits? >> i think she should be protected and i think our children should be. i have seven school-aged children. i would hop
this was an open ended question at the top, economy in general at 21%, goes down to the federal budget deficit, dissatisfaction with government, unemployment, taxes, all the way at the bottom is gun. >> the web video which targets basically the president's children, who have secret service protection, as all children of presidents. over the line? >> based on this poll, he should have been apologizing for those children to breaking their piggy banks to pay for the national debt....
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Jan 18, 2013
01/13
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KQED
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you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady government. the united states recognizes them for the first time in 20 years pillar in -- 20 years. lance armstrong has been stripped of his mettle. the committee acted after the governing body found him guilty of systematic doping and stripped them of seven wins. there is speculation as to whether he will lead men to open or apologize. extremists are gaining ground militarily and they're also winning popular support. it has become increasingly powerful. the free syrian army is living in kidnapping. they met one of the leaders of the front and found this exclusive
you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady...
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Jan 21, 2013
01/13
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WUSA
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the deficit, spending just stop already and start talking to each other. that's why inaugurations, that's why this is so important because this is a chance to reset everything and put the focus on the public rather than on the election. >> so frank, what about the people who voted for mitt romney? what do they need to hear today from president obama in your opinion? >> they need a recognition that they matter. it's a fair question. there's a segment on both sides, republican and democrat that won't listen to the other. but for the vast majority of americans that are some place in the middle all they want is a president of the whole country. republican independent, democrat, left and right. all they are looking for is a vision for the future that shows respect for hard-working taxpayers, a commitment to get the deficit and debt in order. an effort to bring america together. >> frank lunts, thank you very much. james taylor will perform at today's ceremony. we'll ask why he's such a barack obama supporter. that's ahead on "cbs this morning." [ lane ] do you
the deficit, spending just stop already and start talking to each other. that's why inaugurations, that's why this is so important because this is a chance to reset everything and put the focus on the public rather than on the election. >> so frank, what about the people who voted for mitt romney? what do they need to hear today from president obama in your opinion? >> they need a recognition that they matter. it's a fair question. there's a segment on both sides, republican and...
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Jan 18, 2013
01/13
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CNN
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but deficit hawks insist a big deal, a so-called grand bargain is critical for jumping starting u.s. economic growth. >> we've got to reform the tax code and probably raise more revenues than we have and importantly we have to focus on controlling spending and reforming our entitlements which are right now unsustainable. delaying all of this is irresponsible. >> reporter: hard choices ahead whether the congress and the president can come together remains to be seen. christine romans, cnn, new york. >>> and, remember, you can catch a special inauguration coverage right here on cnn live coverage begins on sunday. continuing into monday. our mornings begin at 9:00 a.m. eastern. don't miss it. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look
but deficit hawks insist a big deal, a so-called grand bargain is critical for jumping starting u.s. economic growth. >> we've got to reform the tax code and probably raise more revenues than we have and importantly we have to focus on controlling spending and reforming our entitlements which are right now unsustainable. delaying all of this is irresponsible. >> reporter: hard choices ahead whether the congress and the president can come together remains to be seen. christine...
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Jan 18, 2013
01/13
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CNN
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if there were, we wouldn't have a deficit. let me give you an example. february 15th. i choose that day because that might be the day. might be a little early but it might be the day that we stop being able to mess things around. okay. the federal government on that day will take in an estimated $9 billion in revenues. again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got a shortfall of $43 billion. they need to prioritize bills on that day. they can put off others. we're not entirely sure that prioritizing payments is legal but that's probably what they will have to do. the treasury could wait until it has enough revenue on hand to cover one full day's payments and means all the bills would be paid late and we know how that storts starts to look. johnny isakson is a member of the senate finance committee. senator, thank you for being with us. i wanted to talk with you for quite some time. you have an extensive, extensive business background. and you can agree that deciding to pay some bills but not others while you wait to scrap
if there were, we wouldn't have a deficit. let me give you an example. february 15th. i choose that day because that might be the day. might be a little early but it might be the day that we stop being able to mess things around. okay. the federal government on that day will take in an estimated $9 billion in revenues. again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got a shortfall of $43 billion. they need to prioritize bills on that day. they can put...
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he promised to pay down the deficit at least half in his first term. the first two years of his first term he had a democratic congress house and senate. he could have done anything he wanted. instead he put through an $800 billion stimulus bill and a $1.7 trillion obama care. if he wasn't going to address it then, when is he going to address it? he is essentially holding congress hostage right now and the american people with these scare tactics. >> okay, newt gingrich addressed this whole issue on "cbs this morning" and i'll read you what he said. "it isn't a smart fight for congressional republicans to pick, because in the end, it's a threat they can't sustain. no one is going to default, no one will allow the united states to not pay its bills, no one is going to accept the economic costs. it rallies the entire business community to the president's side." so even newt gingrich says this isn't a wise fight to pick. you may feel strongly about spending cuts but this isn't the right time to fight. >> when is the right time? when is the right time? bec
he promised to pay down the deficit at least half in his first term. the first two years of his first term he had a democratic congress house and senate. he could have done anything he wanted. instead he put through an $800 billion stimulus bill and a $1.7 trillion obama care. if he wasn't going to address it then, when is he going to address it? he is essentially holding congress hostage right now and the american people with these scare tactics. >> okay, newt gingrich addressed this...
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two months, three months, four months and more if need be when he wants to do big things on debt and deficit, big things on medicare, comprehensive immigration reform, and will be in a fight with republicans over that? this is going to be a test of how long the president is prepared to wage what -- to get hard stuff done to get an assault weapons ban, to get the magazine clips, universal background check is easier, but the president has to dig in and fight and it will be fascinating to watch. >> this is a statement we have gotten from the nra, national rifle association, part of the statement. we look forward to working with congress on a bipartisan basis to find real solutions to protecting america's most valuable asset, our children. attacking firearms and ignoring children is not a solution to the crisis we face as a nation, only honest, law abiding gun owners will be affected and our children will remain vulnerable to the inevitability of more tragedy. to the inevitability of more tragedy, john king, to the latter part of that statement, congress could enact everything that the president
two months, three months, four months and more if need be when he wants to do big things on debt and deficit, big things on medicare, comprehensive immigration reform, and will be in a fight with republicans over that? this is going to be a test of how long the president is prepared to wage what -- to get hard stuff done to get an assault weapons ban, to get the magazine clips, universal background check is easier, but the president has to dig in and fight and it will be fascinating to watch....
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that's the deficit. the accumulated annual deficits or shortfalls plus interest make up the national debt. that's more than $16 trillion today. the debt had run up under republican and democratic presidents and congresses. both have had opportunities to tackle it, but it's never politically palatable. president obama formed this simpson/bowles commission, headed by simpson and erskin bowles to cut the debt by $4 trillion over 10 years. critics say president obama has all but ignored it. commission co-head simpson says the growing threat poses a major threat to the u.s. economy. >> where is the tipping point? i don't know where it is, but when it comes, going to be so swift and so savage. >> reporter: obama's plan proposes $360 billion in cuts to medicaid, medicare and other health programs over the next decade. but because costs in those programs are rising fast, the debt would be $6.4 trillion higher in 10 years. the president's budget also proposes cuts to discretionary and mandatory spending that woul
that's the deficit. the accumulated annual deficits or shortfalls plus interest make up the national debt. that's more than $16 trillion today. the debt had run up under republican and democratic presidents and congresses. both have had opportunities to tackle it, but it's never politically palatable. president obama formed this simpson/bowles commission, headed by simpson and erskin bowles to cut the debt by $4 trillion over 10 years. critics say president obama has all but ignored it....
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Jan 19, 2013
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the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this president was re-elected. he owes them that. it has been a priority for him. he is going to find a way to get it done. hopefully republicans understand if they want a chance to get to the white house any time in the next four years, eight years, a generation, they'll have to do something on immigration. >> all right. so, amy, maria's number three is your number one. which is immigration. number two is obama care. number three, mystery scandal. so, let's talk about immigration, first. though i'm dying to get to that scandal. >> good morning. it's so great to see that vie
the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this...
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you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very muc
you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing...
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default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of socialism. now the next crisis in washington. tom peterffy will join me next. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark
default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of socialism. now the next crisis in washington. tom peterffy will join...
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he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announ
he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing...
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president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around the japan
president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox...
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. >> he called me and said mark, you know, you have to do this he said you were talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that story where he admitted an affair with a woman from argentina back in 2009. >>> look at this, unless you're a little claustrophobic. this oregon woman spent nearly four hours trapped in an eight-inch space between an apartment building and a 20-foot wall. this happened early wednesday morning in downtown portland. apparently she fell from a second floor smoking area and getting her out was not easy. firefighters had to cut through a section of wall and used air bags to widen the space. lieutenant rich chapman is the firefighter who pulled that woman out. >> we were assuring her we were doing everything to g
. >> he called me and said mark, you know, you have to do this he said you were talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that...
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that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be
that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this...